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Makalot adds China's Lativ to its clientele
16
Dec '10
Makalot Industrial Co. – a leading garment manufacturer from Taiwan recently revealed that it has got export order from China-based popular garment brand Lativ and it intends to commence its delivery in the first quarter of 2011 by sending the first consignment of 500,000 pieces.

Lativ is expected to follow the steps of Metersbonwe in order to emerge as the Makalot's biggest client in Greater China. Makalot has been extensively exploring the garment market there and has obtained orders from famous brands like Baleno and China's RT-Mart, a top hypermarket chain.

The firm, in the last quarter of current year, has started exporting garments to its clients based in China and has delivered the first consignment of 40,000 dozens priced at around two million US dollars.

Further, the Chairman of the company – L.P. Chou, pointed out that garment market in China is large and the possibilities underlying the Chinese market is likely to supersede that of the company's major export destinations including US and Europe.

He further said that, while the firm now exports three percent of its overall produce to China and this figure is likely to rise to five percent by 2012. The company's total exports to China in terms of value would then surge to US $20 million, thereby leading the total export value to surpass $30 million over the year on the two sides of the Taiwan Strait.

The company is even making efforts to add Anta Sports Products Ltd., a Hong Kong-listed firm in China and Taiwan's foremost sportswear label with an annual turnover of over one billion US dollars.

The firm this year intends to attain an annual growth rate of 14.58 percent by exporting 8.25 million dozen garments, while its total earnings during the year have been estimated to be around NT$14.5 billion, that is US $453.13 million, witnessing a rise of 9-10 percent above the previous year's earnings.

Fibre2fashion News Desk - India

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